My outlook from yesterday is still valid, and this are the possible scenario's for now: > Price will test the 1.16 area in the EU session, drop or continue higher. > In case of continuation, price will aim for 16.4/16.5 area and test this in the US session. > In case of rejection, price will fall down again towards 1.15 level and test that again later.
Want to share my wave analysis for EUR_USD as understudy.
Short EUR USD , Eur has lost its powers and we must short eur usd to get some pips
Heres a weekly chart for FOREXCOM:EURUSD See you all next year!
Here you are the next step for EURUSD. We are at a BUY ZONE (1.15300 - 1.14700) and the StopLoss is exactly Above at 1.13900. My take profit is 1.20000 because this is the SELL ZONE (1.20100 - 1.20500). From that point we should see the big drop of the EUR during all the 2019
The US dollar continues to strengthen and a strong downward trend is formed on our chart. At the moment the pair is testing new levels. Technical indicators also indicate a sale. We expect the pair to continue its downward movement and the next level will be 1.15. Therefore, we recommend taking short positions on this instrument.
EURUSD is creating a nice wedge looking for a breakout, sitting on the monthly 61.8% fib and monthly/weekly price reversal zone. We did have a break and close below the support zone on the 4 hour chart creating another LL & LH. Further confirmation is needed to take a position. Although the EUR has been extremely bearish this week, my bias is bullish for some...
The Euro is getting weaker after the big rally of over 20% that finished one month ago, after a perfect distribution phase. The Bearish movement is still very strong and the price is getting closer and closer to a Strong long-term Support . Pay close attention to what price will do the next days, big opportunities will be created around this area! Sky is...
EURUSD is testing our first resistance at 1.1719 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support). RSI is also approaching its resistance and we might see a corresponding drop in price should it react off this level....
EURUSD is approaching its resistance at 1.1829 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) price might potentially drop to its major support at 1.1553 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). RSI (55) is also seeing facing bearish pressure from our descending resistance line.
Euro could break the top before going downtrend. This confirmed based on the current movement of the charts and measured from ABDC pattern.
The pair failing to accelerate mid-Tuesday following a bullish breakout from the 55– and 100-hour SMAs was an early indication of a soon weakening of EUR/USD. This scenario was fulfilled yesterday when the Euro lost 78 pips against its American counterpart and fell below the previous 2018 low of 1.17.The given fall was stopped by the weekly S1 located at 1.1685....
EURUSD is testing our first resistance (horizontal pullback resistance) at 1.1719 and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support). RSI is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in price. Trading CFDs on margin...
Easy idea. Support and all indicators are showing oversold on this pair.
Long EURUSD @ 1.17; TP @ 1.1934, SL your choice
Our pair moved away from the resistance level, heading to 1.1810. After the break, it went again to update the annual lows. Now the price has fallen below the level of 1.1730 and is trying to gain a foothold. We assume that there will most likely be further advance of the pair down and the next strong level will be 1.1580. Our technical indicators also indicate a...
EURUSD has started to drop strongly after breaking through our Ichimoku cloud support and also reacting nicely off 1st resistance at 1.1822 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). We need to look for bearish opportunities on strength as with all this bearish momentum, price might drop further to major support at 1.1720 (major...